Go Back

New Peoples Bank, Inc.

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans, including SBA 7(a) and 504 programs, to support local entrepreneurs and business owners. With a focus on fostering economic growth in the Honaker area, the bank offers tailored financing solutions for startups, expansions, and equipment purchases. Their experienced team guides clients through the application process, ensuring clear communication and efficient service. The bank’s expertise extends to various industries, with particular strengths in manufacturing and retail sectors. They prioritize personalized service and flexible terms to meet the unique needs of each borrower. Whether you’re seeking a loan for working capital, real estate, or equipment, this lender is committed to helping small businesses succeed and grow within the community.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loans and small business financing solutions. You can find assistance with loan applications, industry-specific financing options, and personalized support for your business needs.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, standard loan application and closing fees may apply depending on the financing arrangement.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This institution primarily serves small business owners and entrepreneurs within the local community and surrounding areas.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 640 is generally preferred, though higher scores improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.

New Peoples Bank, Inc.

Description

Location

Review

Q&A